I am an employer with multiple subsidiaries. Would my subsidiaries be covered under the same self-insurance authority as the parent company?
Per 8 CSR 50-3.010 (2), "Each legal entity desiring to self-insure shall submit a separate application." Therefore, the parent company and each of its subsidiaries would have to apply for its own separate authority. This also means a parent company already holding self-insurance authority may not add a subsidiary to its authority. The subsidiary will need to submit its own application.